MalaysiaThe FBM KLCI index gained 4.12 points or 0.23% on Tuesday. The Finance Index increased 0.44% to 16101.18 points, the Properties Index dropped 0.48% to 1326.69 points and the Plantation Index rose 0.14% to 7973.57 points. The market traded within a range of 7.85 points between an intra-day high of 1825.79 and a low of 1817.94 during the session. More

Updated: February 27, 2015

Four key capital cities across developing ASEAN countries report marginal growth in tire sales volume in 2014: GfK The replacement car tire market for the key capital cities of Malaysia, Indonesia, Thailand and the Philippines collectively registered a slight growth in volume demand by two percent in 2014 compared to the previous year. However, total sales dollar generated was lesser by five percent—largely a result of lower pricings due to challenging market situation to win over the consumer dollar.

Among the markets tracked, Indonesia’s robust performance reflected 11 percent surge in replacement car tire volume consumption last year over the year before. During this same period, the other three markets sustained marginal growth of less than one percent More

Updated February 20, 2015

Biweekly Update

IndonesiaJokowi drops nomination of graft-tainted official for police chief. President Joko “Jokowi” Widodo on February 18 dropped the nomination of Budi Gunawan for National Police chief in the face of widespread public criticism. Budi has been tainted by graft allegations. Jokowi instead nominated acting chief Badrodin Haiti for the position. Jokowi’s decision came despite a Jakarta court ruling two days earlier that Indonesia’s Corruption Eradication Commission (KPK) erred in naming Budi a graft suspect in January. The court ruled that Budi’s position at the time of the alleged graft—head of police career development—did not qualify as the type of official or law enforcement position that the commission is More